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Tuesday 31 January 2017

Good opportunity to *ShortSell*

Bajaj Auto Ltd Q3 today:

Bajaj Auto , as per denofwealth estimates, may report NP of 810 cr vs CNBC est of 888cr

Our estimate of 810 cr is also significantly lower vs 901 YoY (Dec15)

If compared with QoQ( 1122cr Sep16), huge slide

_1 month Low Rs 2565_

Huge short covering expected as big Long position built ( Whatsapp rumour that NP will be 924 cr)

Bajaj Auto, in fact, worst hit by Demonetization

Stock should plunge

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